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Princeton, TX Multifamily Development Site
For Sale
$8,900,000

FM75 Mckinney, Princeton, TX 75407

LAND - Princeton, TX

Property SizeContact for details
Lot Size16.13 Acres
Days on Market159

Property Features for FM75 Mckinney

General Information

Property type Land
Property subtype Other
Zoning description Mutlifamily
Subdivision David Cherry Surv Abs #166
Lot features Acreage
Elementary school Godwin
Middle school Southard
High school Lovelady
Elementary school district Princeton ISD
Middle school district Princeton ISD
High school district Princeton ISD
Directions Parcel neighbors 461 Cortez Aly, Princeton, TX 75407, use GPS for ease. Take US380 to Monte Carlo Blvd.
Standard status Active
APN R616600611001
Lot size 16.13 Acres

Taxes and HOA fees

Tax Description ABS A0166 DAVID CHERRY SURVEY, SHEET 6, TRACT
Tax Annual Amount 79191
Legal Description ABS A0166 DAVID CHERRY SURVEY, SHEET 6, TRACT

Utilities

Sewer type Public Sewer
Listing Agency: Onyx Legacy Realty LLC
Listed By: Mark Allen
Added: Mar 2 Changed: Aug 1 Last Checked: Aug 8 at 4:06PM
MLS# 21168636

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 16.1-acre multifamily development site is located in Princeton, Texas, which has experienced significant population growth. The property is fully entitled and engineered for the construction of 400 units. Situated in Collin County, the site is positioned within the Dallas-Fort Worth metroplex.

Key Highlights

  • Fully entitled and engineered 16.1‑acre multifamily development site ready for 400 units
  • Located in Princeton, TX: the fastest‑growing city in the U.S.
  • Positioned in Collin County: one of the fastest‑growing counties in America

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Parking Lot & Garage Electrical Service Kitchen & Bath Showroom Plumbing Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

451
Businesses Nearby

Demographics for 75407, TX

25,738
Population
10,095
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
49.9 sq mi
ZIP Area
516
Density / Sq Mi
$92,076
Median Household Income
$48,912
Median Earnings
$1,867
Median Rent
$307,500
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - 16.1-acre multifamily development site in fastest-growing US city.
Where is this residential land & home lot located?
The property is located at FM75 Mckinney Princeton, TX.
What is the asking price?
The asking price for this property is $8,900,000.
What are key features of this property?
This property features: Fully entitled and engineered 16.1‑acre multifamily development site ready for 400 units; Located in Princeton, TX: the fastest‑growing city in the U.S.; Positioned in Collin County: one of the fastest‑growing counties in America
More about this property
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